The Shell Pakistan Limited has remaned itself as Wafi Energy Pakistan Limited, effective January 13, 2025, the company said in a notice to the Pakistan Stock Exchange.

“The company is pleased to inform that the SECP has issued a Certificate of Incorporation on Change of Name dated January 13, 2025. Consequently, the company’s name has changed from ‘Shell Pakistan Limited’ to ‘Wafi Energy Pakistan Limited’ with effect from January 13, 2025,” it said.

In October of the previous year, SHEL’s Board of Directors approved the proposal to adopt the name Wafi Energy Pakistan Limited. The decision followed Wafi Energy Holding Limited’s acquisition of an additional 22,165,837 ordinary shares of SHEL, which accounts for approximately 10.36% of its total issued share capital.

Earlier in July, Saudi Group Asyad Holding, through UAE-based Wafi Energy Holding Limited, acquired 165,700,304 shares, gaining control of 77.42% of Shell Pakistan Limited.

The change follows the issuance of a Certificate of Incorporation on Change of Name by the Securities and Exchange Commission of Pakistan.

The SECP has officially certified the name change of Shell to Wafi Energy Pakistan Limited.

The SECP informed that the change is subject to the condition that for ninety days from the date of issue of this certificate, “the company shall continue to mention its former name along with its new name on the outside of every office or place in which its business is carried on and in every document or notice”.

For the next ninety days, it said that the company must display its former name alongside the new one at all business locations and in all official documents and notices.